Getting ready for AML/CTF checklist

To help you prepare, this short guide outlines the suggested steps to help organisations prepare for AML/CTF compliance, providing a clear and practical starting point to understand key requirements and plan next steps. Read the guide.

CPD courses

Following the passage of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024  in December 2024, the Law Society of NSW has increased efforts in educating the profession about the AML/CTF reforms (known as Tranche 2 reforms), and what solicitors can do now to ready their practice for 1 July 2026, when obligations under the AML/CTF Act will commence for certain solicitors and law practices. 

As part of the next phase of helping you to prepare your practice for changes to Australia’s AML/CTF legislation, the Law Society of NSW has made available a new on-demand interactive course, Preparing your practice for Australia’s AML/CTF regime. 

The online, self-paced courses are suitable for a wide range of audiences, including early career lawyers, senior staff needing to engage with the day-to-day management of AML/CTF compliance, and principal practitioners. 

The courses are complimentary. See link below for details. 

BROWSE ALL LAWINFORM AML/CTF COURSES >

Industry events

AUSTRAC webinar series: Conducting your risk assessment (February - March) 
AUSTRAC is delivering an interactive webinar series designed to support new reporting entities to conduct a money laundering and terrorism financing (ML/TF) risk assessment. In this webinar, attendees will learn: 

• The purpose of a money laundering and terrorism financing (ML/TF) risk assessment
• Key elements of an ML/TF risk assessment
• How to identify and assess risks specific to your business/sector.

View details and register on AUSTRAC's website. 

Podcast

AML/CTF with Amy Bell
Listen here to the latest AML/CTF podcast episode featuring international expert Amy Bell discussing Australia’s 2026 reforms and what they mean for solicitors.

AML Sorted: The Masterclass for Australian Law Firms
For further information and to register, click here. 

Financial Crime Matters
Click here to listen to the latest episode of the Financial Crime Matters podcast in which the presenter talks to the AUSTRAC CEO about the evolving AML/CTF regulatory landscape, industry challenges and what lies ahead for tranche 2 entities.